US stock futures traded higher in early pre-market trade, ahead of earnings from General Motors Company (NYSE: GM) and McDonald's Corporation (NYSE: MCD). Data on weekly jobless claims and the Chicago Fed National Activity Index for June will be released at 8:30 a.m. ET. The Conference Board's Leading Indicators Index for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 30.5 points to 17,815.5, while the Standard & Poor's 500 index futures rose 3.65 points to 2,111.65. Futures for the Nasdaq 100 index jumped 12.80 points to 4,629.80.

Broker Recommendation
Analysts at B. Riley upgraded SanDisk Corporation (NASDAQ: SNDK) from Neutral to Buy. The price target for SanDisk has been raised from $60 to $75.

SanDisk shares closed at $54.18 yesterday.

Breaking news

Bristol-Myers Squibb Company (NYSE: BMY) today announced that the European Medicines Agency (EMA) has validated two of the company's type II variation applications, which seek to extend the current indication for its Immuno-Oncology agent, Opdivo. To read the full news, click here.

QUALCOMM, Inc. (NASDAQ: QCOM) reported better-than-expected earnings for its fiscal third quarter. However, the company lowered its FY15 forecast. The company announced its plans to lower spending by around $1.4 billion and reduce its workforce by 15 percent. The company also reported that will review structural alternatives, including break-up of the company. To read the full news, click here.

Colfax Corporation (NYSE: CFX) today announced that Matthew L. Trerotola, formerly an Executive Vice President at DuPont, has been named Chief Executive Officer and a Director of Colfax, effective July 24, 2015. To read the full news, click here.

SanDisk Corporation (NASDAQ: SNDK) reported stronger-than-expected results for the second quarter. To read the full news, click here.